Fleeting Bond Rally

While bonds got off to a fast start this year, February’s returns were almost the mirror image from a total return standpoint. As the chart shows, Bloomberg’s Global Aggregate Index returned -3.32% last month. With data going back to March 1990, this ranks as the...

Aptus Musings: Debt Ceiling Part Deux

I’m going to cut to the chase here – I’ve been reading a lot on the debt crisis here recently, especially after the Congressional Budget Office (“CBO”) released its latest Budget and Economic Outlook last week. This report projects the US fiscal and economic outlook...

Aptus Musings: The Debt Ceiling

Unfortunately, we are about to talk politics – let’s rip the band aid off and dive in. The U.S. just hit its debt limit.   Taking a Trip Down Memory Lane   Essentially, the political environment in D.C. in ’11 is much like today – Dem. President / Dem....